Could no taper catapult gold higher?
Duncan Richardson, News Editor
29 Jan 2014, 11:45 a.m.
The latest Federal Open Market Committee (FOMC) meeting concludes today, with most analysts expecting the Federal Reserve to continue to taper its monthly asset program known as quantitative easing.
Continued tapering is not expected to impact the gold price as most analysts believe this has already been factored into the price. On the flip side if the Fed chooses to halt tapering the news may catapult the gold price higher.